Important Notice to Shareholders


Concept Fund Solutions plc

Investment Company with Variable Capital

Registered Office: 78 Sir John Rogerson's Quay, Dublin 2, Ireland

Registration number: 393802

(the “Company”)

Registered in Dublin as an open-ended variable capital umbrella investment company with limited liability and as an umbrella fund with segregated liability between sub-funds. Regulated by the Central Bank of Ireland.

Registration Number 393802. Registered Office as above.

Directors: Tom Murray (Irish), Michael Whelan (Irish), Alex McKenna (UK), Gerry Grimes (Irish), Manooj Mistry (UK)


db x-trackers MSCI Turkey Index UCITS ETF (DR)

ISIN: IE00B9L63S81

(the Sub-Fund)

13 June 2016

This letter is to inform you on behalf of the board of directors of the Company (the Board of Directors) about recent developments in respect of the Sub-Fund in which you hold Shares.

Capitalised terms used in this notice shall have the same meaning ascribed to them in the latest version of the prospectus of the Company (the Prospectus) unless the context otherwise requires.

The total net assets of the Sub-Fund are currently below the Minimum Fund Size provided in the relevant supplement of the Sub-Fund and the Board of Directors consider that it is unlikely that the assets under management of the Sub-Fund will increase adequately in the near future.

Consequently, and in accordance with the applicable provisions of the articles of association of the Company (the Articles) and Prospectus of the Company, the Board of Directors has resolved to terminate the Sub-Fund with effect from 27 June 2016 (the Termination Date) and to proceed with the compulsory repurchase of all outstanding Shares of the Sub-Fund.

Due to the termination of the Sub-Fund as described above, the Sub-Fund will be de-listed from the stock exchanges on which it is listed and trading on those stock exchanges will cease with effect from close of business on 21 June 2016 (the Last Trading Day). Therefore, requests for repurchase or subscription for Shares in the Sub-Fund in the secondary market may only be made until close of business on the Last Trading Day.

Requests for repurchase or subscription for Shares in the Sub-Fund in the primary market may be made in the usual manner for processing in accordance with the Prospectus prior to the Dealing Deadline on 22 June 2016. However, the liquidation costs will be taken into account in the Repurchase Price. From and including 23 June 2016 to the Termination Date, no further subscriptions and repurchases will be accepted.

The following terms and conditions of such compulsory repurchase have been determined in accordance with the Articles and shall apply as of the Termination Date:

1. The Sub-Fund will be liquidated and the Repurchase Price will be determined by reference to the Net Asset Value of the respective Class of Shares of the Sub-Fund as of the Termination Date and which will take into account, amongst other expenses, all costs resulting from the anticipated realisation and liquidation of the remaining investments of the Sub-Fund;

2. No Repurchase Charge will be applied;

3. The repurchase proceeds will be paid in USD;

4. The payment of the repurchase proceeds to the registered Shareholders and the global clearing agent Clearstream Frankfurt, resulting from the compulsory repurchase will take place at the latest on 11 July 2016 (the Payment Date);

5. Following the payment of the repurchase proceeds in respect of the Sub-Fund, an application will be made to the Central Bank of Ireland for withdrawal of approval of the Sub-Fund.

Shareholders who subscribe or redeem Shares in the Sub-Fund on the primary market are entitled to redeem their Shares in the Sub-Fund in accordance with the Prospectus as indicated above. Please note that the Company does not charge any repurchase fee for the sale of Shares in the secondary market. Orders to sell Shares through a stock exchange can be placed via an authorised intermediary or stockbroker. However, Shareholders should note that orders in the secondary market may incur costs over which the Company has no control and to which the above disapplication of the Repurchase Charge does not apply.

Any further information in relation to the termination of the Sub-Funds may be obtained by contacting the db x-trackers ETF hotline on +44 (20) 7547 1747 or +49 (69) 910 30549 or by sending an email to

Shareholders should consult their own professional advisers as to the specific tax implications of the termination under the laws of the countries of their nationality, residence, domicile or incorporation.

If you have any queries or if any of the above is not clear you should seek advice from your stockbroker, bank manager, legal adviser, accountant or other independent financial advisor.



for and on behalf of

Concept Fund Solutions plc

Contact information

Concept Fund Solutions plc

78 Sir John Rogerson's Quay

Dublin 2

Short Name: db x-trackers
Category Code: MSCM
Sequence Number: 531089
Time of Receipt (offset from UTC): 20160610T093353+0100


Concept Fund Solutions


Concept Fund Solutions